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Sponsor Agencies Supervise The Growth Of GEM Companies

2011/8/22 13:51:00 72

Local supervision departments should continue to supervise and supervise.

Overweight

It is mainly because the sponsor's continuous supervision and inspection work has not been carried out for a long time, and some of the sponsors still have the awareness of "re guidance and supervision".

Regulators hope that the sponsor will pay enough attention to the continuous supervision.

Not long ago, the regulatory authorities issued the guidelines for the implementation of the field inspection guidelines of the GEM listed companies in 2011, and asked the sponsor agencies to strengthen the gem.

list

The company's continuous supervision.

Recently, some regulatory departments continue to supervise the continuous supervision of GEM companies through on-site inspections, interviews with sponsor representatives, and other measures.

According to a sponsor's source, two GEM companies that were underwritten by the company were selected to continue to supervise the on-site verification of the pilot company.

The local regulatory authorities met with the sponsor representatives who were responsible for the project, discussed the way of continuous supervision, and put forward detailed and strict requirements for the continuous supervision.

At the same time, the sustainability of sponsoring agencies

Supervisor

In the process, the regulatory authorities will carry out on-site supervision and verification of the above two projects.

The source said, the local regulatory authorities to continue supervision and supervision of overweight, mainly because the sponsor continuous supervision and inspection pilot work is not long, part of the sponsor institutions still exist "heavy guidance, light supervision" consciousness, regulatory authorities hope that the sponsor institutions have enough attention to continuous supervision.

The main reason why the gem continued supervision is particularly important is that after the launch of the gem, the performance of a small number of new IPO has changed rapidly, and even the listing of listed companies has been listed on the list of major risks such as complaints and false disclosure.

Therefore, regulators continue to increase the supervision of securities investment banks in order to prevent potential risks and ensure project quality.

An insurance company who does not want to be named.

Gem

During the inspection process, the local regulatory authorities paid more attention to the authenticity of the sponsor's work papers, the participation of senior executives in the company's operation, risk control, and the use of fund-raising funds.

If there is a clear correspondence between the conclusion of the manuscript and the verification work paper, whether the professionals such as the secretaries are really involved in the company's management and management, whether they participate in the company manager's office meeting and understand the company's situation.

At the same time, it also requires that sponsoring agencies can not rely entirely on the internal control evaluation report issued by accounting firms to GEM companies.

It is reported that a sampling sponsor has been pointed out that the inspection and management of the funds raised by the listed companies are not thorough enough, and the internal control of the relevant funds has not been fully paid attention to. The audit of the major capital expenditure and prospectus and the list of items and equipment mentioned in the feasibility report can not be carried out.

The continued supervision of GEM has been quietly launched in May this year.

At that time, the regulatory authorities issued the "2011 GEM listed companies sponsor agencies in the continuous supervision of the implementation of the field inspection guidelines", in the sponsor institutions to implement the GEM listed companies continuous supervision work verification pilot.

The verification is planned to pilot in some jurisdictions, and spot checks are conducted on the gem projects underwritten by the securities companies in the pilot area. The securities dealers must take full field verification and report the verification situation.

According to the guidelines, if the sponsor finds out that there are listed companies in the process of verification, such as "Directors of the supervisors", the actual controllers and their associated parties occupy the interests of the listed companies, or there is a major false or omission in the disclosure of information, or when the relevant provisions concerning the storage and use of the proceeds are violated, the relevant regulators should be reported in time.